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亚玛芬体育（AS）与哈贝尔（HUBB）财务数据对比。点击上方公司名可切换其他公司
哈贝尔的季度营收约是亚玛芬体育的1.4倍（$1.5B vs $1.1B），哈贝尔净利率更高（14.6% vs 1.8%，领先12.8%），哈贝尔自由现金流更多（$388.8M vs $92.2M）
亚玛芬体育是芬兰跨国运动装备企业，总部位于赫尔辛基，成立于1950年。早年为涉足烟草贸易、航运、出版等领域的多元化工业集团，后逐步转型专注于体育用品的生产与营销，现有员工超9700人，2018年起成为中国安踏体育旗下子公司。
哈贝尔（Hubbell Incorporated）是总部位于美国康涅狄格州谢尔顿的企业，由哈维·哈贝尔于1888年创立，1905年在康涅狄格州正式注册。公司主营电气及电子产品的设计、生产与销售，产品广泛应用于住宅、非住宅建筑、工业及公用事业等多个领域。
AS vs HUBB — 直观对比
营收规模更大
HUBB
是对方的1.4倍
$1.1B
净利率更高
HUBB
高出12.8%
1.8%
自由现金流更多
HUBB
多$296.6M
$92.2M
损益表 — Q1 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.5B |
| 净利润 | $19.0M | $217.7M |
| 毛利率 | 52.8% | 34.6% |
| 营业利润率 | 12.4% | 20.3% |
| 净利率 | 1.8% | 14.6% |
| 营收同比 | — | 11.9% |
| 净利润同比 | — | 10.5% |
| 每股收益（稀释后） | $0.05 | $4.06 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ASHUBB
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | $1.1B | $1.4B |
净利润ASHUBB
| Q4 25 | — | $217.7M | ||
| Q3 25 | — | $255.5M | ||
| Q2 25 | — | $244.2M | ||
| Q1 25 | — | $169.7M | ||
| Q4 24 | — | $197.0M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $213.6M | ||
| Q1 24 | $19.0M | $147.8M |
毛利率ASHUBB
| Q4 25 | — | 34.6% | ||
| Q3 25 | — | 36.2% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | — | 33.8% | ||
| Q3 24 | — | 34.5% | ||
| Q2 24 | — | 35.0% | ||
| Q1 24 | 52.8% | 32.0% |
营业利润率ASHUBB
| Q4 25 | — | 20.3% | ||
| Q3 25 | — | 22.0% | ||
| Q2 25 | — | 22.7% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 20.7% | ||
| Q1 24 | 12.4% | 16.3% |
净利率ASHUBB
| Q4 25 | — | 14.6% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 14.7% | ||
| Q1 24 | 1.8% | 10.6% |
每股收益（稀释后）ASHUBB
| Q4 25 | — | $4.06 | ||
| Q3 25 | — | $4.77 | ||
| Q2 25 | — | $4.56 | ||
| Q1 25 | — | $3.15 | ||
| Q4 24 | — | $3.65 | ||
| Q3 24 | — | $4.05 | ||
| Q2 24 | — | $3.94 | ||
| Q1 24 | $0.05 | $2.73 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $497.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $3.8B |
| 总资产 | — | $8.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASHUBB
| Q4 25 | — | $497.9M | ||
| Q3 25 | — | $680.9M | ||
| Q2 25 | — | $399.6M | ||
| Q1 25 | — | $360.3M | ||
| Q4 24 | — | $345.0M | ||
| Q3 24 | — | $445.6M | ||
| Q2 24 | — | $406.5M | ||
| Q1 24 | — | $400.3M |
总债务ASHUBB
| Q4 25 | — | — | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
股东权益ASHUBB
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $2.9B |
总资产ASHUBB
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | $7.5B | ||
| Q2 25 | — | $7.1B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.9B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $6.9B |
负债/权益比ASHUBB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $114.3M | $447.5M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $388.8M |
| 自由现金流率自由现金流/营收 | 8.8% | 26.0% |
| 资本支出强度资本支出/营收 | 2.1% | 3.9% |
| 现金转化率经营现金流/净利润 | 6.02× | 2.06× |
| 过去12个月自由现金流最近4个季度 | — | $874.7M |
8季度趋势，按日历期对齐
经营现金流ASHUBB
| Q4 25 | — | $447.5M | ||
| Q3 25 | — | $284.3M | ||
| Q2 25 | — | $260.6M | ||
| Q1 25 | — | $37.4M | ||
| Q4 24 | — | $432.4M | ||
| Q3 24 | — | $227.0M | ||
| Q2 24 | — | $239.6M | ||
| Q1 24 | $114.3M | $92.2M |
自由现金流ASHUBB
| Q4 25 | — | $388.8M | ||
| Q3 25 | — | $253.8M | ||
| Q2 25 | — | $220.7M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | — | $364.4M | ||
| Q3 24 | — | $188.8M | ||
| Q2 24 | — | $205.7M | ||
| Q1 24 | $92.2M | $51.9M |
自由现金流率ASHUBB
| Q4 25 | — | 26.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 27.3% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | 8.8% | 3.7% |
资本支出强度ASHUBB
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | 2.1% | 2.9% |
现金转化率ASHUBB
| Q4 25 | — | 2.06× | ||
| Q3 25 | — | 1.11× | ||
| Q2 25 | — | 1.07× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 2.19× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.12× | ||
| Q1 24 | 6.02× | 0.62× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AS
| Americas2 | $409.6M | 39% |
| EMEA1 | $356.9M | 34% |
| Greater China3 | $205.6M | 20% |
| Asia Pacific4 | $78.2M | 7% |
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
